GFS Advisors LLC trimmed its holdings in TotalFinaElf, S.A. (NYSE:TOT) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,551 shares of the oil and gas exploration company’s stock after selling 11,651 shares during the period. TotalFinaElf, accounts for approximately 1.6% of GFS Advisors LLC’s holdings, making the stock its 17th largest position. GFS Advisors LLC’s holdings in TotalFinaElf, were worth $7,148,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Stratos Wealth Partners LTD. bought a new stake in TotalFinaElf, in the third quarter worth approximately $235,000. Comerica Bank boosted its holdings in shares of TotalFinaElf, by 1.4% during the 3rd quarter. Comerica Bank now owns 155,143 shares of the oil and gas exploration company’s stock worth $8,612,000 after buying an additional 2,108 shares during the period. Advisor Group Inc. boosted its holdings in shares of TotalFinaElf, by 7.2% during the 3rd quarter. Advisor Group Inc. now owns 56,775 shares of the oil and gas exploration company’s stock worth $3,039,000 after buying an additional 3,809 shares during the period. Cambiar Investors LLC boosted its holdings in shares of TotalFinaElf, by 1.1% during the 3rd quarter. Cambiar Investors LLC now owns 3,537,378 shares of the oil and gas exploration company’s stock worth $189,320,000 after buying an additional 39,574 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of TotalFinaElf, by 6.8% during the 3rd quarter. Sei Investments Co. now owns 345,876 shares of the oil and gas exploration company’s stock worth $18,511,000 after buying an additional 22,173 shares during the period. 5.29% of the stock is owned by institutional investors.
Several analysts recently issued reports on the stock. Royal Bank Of Canada downgraded shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $53.00 price objective on shares of TotalFinaElf, in a report on Thursday, October 19th. Cowen and Company reaffirmed a “buy” rating and set a $58.00 price objective on shares of TotalFinaElf, in a report on Tuesday, October 24th. Scotiabank set a $52.00 price objective on shares of TotalFinaElf, and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC downgraded shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $50.30 to $57.00 in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $55.40.
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TotalFinaElf, (NYSE:TOT) last released its earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.03). The company had revenue of $43.04 billion for the quarter. TotalFinaElf, had a net margin of 4.90% and a return on equity of 9.39%. research analysts forecast that TotalFinaElf, S.A. will post 4.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Friday, September 22nd were paid a dividend of $0.7416 per share. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. This represents a $2.97 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, September 21st. TotalFinaElf,’s dividend payout ratio is presently 52.83%.
TotalFinaElf, Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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